Seeking Alpha
View as an RSS Feed

Jacob Steinberg  

View Jacob Steinberg's Comments BY TICKER:
Latest  |  Highest rated
  • Tesla's Valuation Continues To Defy Logic [View article]
    "just like apple computer, which maintains much higher profit margins than their industry, tesla's rabidly happy customers will continue to provide tesla with margins and growth far in excess of their industry."

    It would be really nice if it was true. Last time I checked, Tesla's operating margins were negative despite the tax credits it's been getting from the government. Tesla would be happy to get Ford's or GM's margins, let alone "much better" margins.
    Dec 2, 2013. 12:36 PM | 3 Likes Like |Link to Comment
  • Tesla's Valuation Continues To Defy Logic [View article]
    Next year or next decade? They will ramp up Model X around 2015-2016 and for the Gen-III, they will have to find a huge supply of new batteries and find a lot of money to expand capacity by like 300-400% which can take about another 5 years.
    Dec 2, 2013. 09:32 AM | 3 Likes Like |Link to Comment
  • Tesla's Valuation Continues To Defy Logic [View article]
    Yeah it would have to post a profit first before we can talk about its profit growth. After all, you can't grow something that doesn't exist. Tesla has yet to post a profit in its history.
    Dec 2, 2013. 09:29 AM | 7 Likes Like |Link to Comment
  • Tesla's Valuation Continues To Defy Logic [View article]
    Tesla is priced at nothing but empty hype.
    Dec 2, 2013. 09:29 AM | 10 Likes Like |Link to Comment
  • Time To Pull The Trigger On A Tesla Trade? [View article]
    It's funny how Tesla works. One bank reiterates its upgrade that happened several months ago and investors are impressed and they buy the stock hand over fist. On the same day, another bank downgrades it with a price target less than half of today's price and no one really cares.

    Here is how Tesla investors work:

    If there is an upgrade from a bank: Wow! Even banks are acknowledging how much value this company has. Everyone should buy buy buy!!!

    If there is a downgrade from a bank: We all know how crooked those banks are. If they are downgrading this, it should be a buy. Everyone should buy buy buy!!!

    If on the same day there is a downgrade and upgrade: We will dismiss the downgrade as rubbish and we'll cheer the upgrade as legit. Buy buy buy!!!
    Nov 28, 2013. 06:19 PM | 2 Likes Like |Link to Comment
  • Analysts go to the mat on Tesla [View news story]
    "tftf, they did not model the battery supply problem, because it is nonexistent in longer (>2 years) time scales. It is just your imagination."

    Oh really? I wish life was that simple. So when will batteries start raining from the sky so that Tesla can collect them for free?
    Nov 27, 2013. 03:11 PM | Likes Like |Link to Comment
  • Bubble, Bubble, Toil And Trouble (For The Markets) [View article]
    It's hard to call it a bubble, but finding value players is becoming increasingly difficult in this market. There aren't many "strong buys" left anymore.
    Nov 27, 2013. 12:42 PM | 2 Likes Like |Link to Comment
  • Tesla's Execution Risk Is Ever Heightened With FCV Rollout And Competitors' Response [View article]
    Even though I am highly skeptical about a lot of things about Tesla, I don't think a recall is a very likely scenario. I really don't see it happening.
    Nov 27, 2013. 12:39 PM | 2 Likes Like |Link to Comment
  • Tesla's Execution Risk Is Ever Heightened With FCV Rollout And Competitors' Response [View article]
    By the time electric cars become mainstream (if ever) you can expect the cost of electricity to also double or triple. It's all about supply and demand.

    I don't even think cost is an issue at this point though. Those who can spend $130,000 on a model S won't really care about gas prices.
    Nov 27, 2013. 12:37 PM | 3 Likes Like |Link to Comment
  • Tesla's Execution Risk Is Ever Heightened With FCV Rollout And Competitors' Response [View article]
    The timing of Gen-III will determine Tesla's value. So far, Tesla failed to show any profits on Model S. Non-GAAP doesn't count because it is basically created by removing expense items from an income statement until profit looks positive. Any company could show non-GAAP profits.

    If Gen-III comes in 2017, Tesla's current value makes sense. If Gen-III won't come until 2018-2019 (which is more realistic), then Tesla is still overvalued because you have to discount for each year when you are valuing a company based on future earnings, especially if we are talking about far future. This is a fact many Tesla bulls seem to forget about.
    Nov 27, 2013. 12:35 PM | 1 Like Like |Link to Comment
  • Time To Pull The Trigger On A Tesla Trade? [View article]
    Dan Galves reminds me of the analysts of 1999 who recommended 95% of the internet stocks as "buy" or "strong buy" and caused so many people to lose their life savings. Several of Mr. Galves' past recommendations already went bankrupt by now. I am not saying Tesla will go bankrupt or lose people money, but I don't know how credible Mr. Galves is. Every time Tesla's share price shows weakness, he attempts to pump the stock.

    http://bit.ly/1aYTIFU
    Nov 27, 2013. 12:30 PM | 1 Like Like |Link to Comment
  • Analysts go to the mat on Tesla [View news story]
    "Here's an experiment:
    I'm not going to do it, but I'll track it on paper none the less. No day trader crap, no stop losses, let it ride out for 3 months

    Take Lovallo's estimate:
    Short it at $122

    Use the DB estimate
    Go long at $122

    Let us revisit this in 3 months when the results come out

    You could also do the experiment with naked puts and naked calls. Good way to lose money."

    How about we do that experiment at a time when the Fed isn't pumping the market with unlimited free money? If it wasn't for the Fed's monetary policies, Tesla would be trading around $60-70 today. Then again, Dow wouldn't be anywhere near 16,000.
    Nov 27, 2013. 12:21 PM | Likes Like |Link to Comment
  • Analysts go to the mat on Tesla [View news story]
    Dan Galves reminds me of the analysts that gave 95% of the internet stocks "buy" ratings during the dotcom bubble of 1999. Didn't several of Mr. Galves' previous "strong buy" picks already go bankrupt in the last few years?
    Nov 27, 2013. 12:19 PM | 1 Like Like |Link to Comment
  • For Traders, Yelp Is A Buy At Support [View article]
    "I still don't know why GOOG doesn't buy them out for $6 or 7B while they are still small, but that's a debate to have later down the line."

    Because Google doesn't want to overpay. Why would Google pay $6 billion for something that's worth about $1-2 billion at most? It already made that mistake with Motorola and won't again.

    This is a grossly inflated stock, even insiders know it as they dump shares in the market almost on weekly basis.
    Nov 26, 2013. 11:14 AM | Likes Like |Link to Comment
  • For Traders, Yelp Is A Buy At Support [View article]
    Yelp is pure speculation. There is no way to justify Yelp's current price. Even after the recent correction, Yelp is still overvalued by about 30% in the most optimistic scenario and by 60% in a more realistic scenario.
    Nov 26, 2013. 11:12 AM | 1 Like Like |Link to Comment
COMMENTS STATS
814 Comments
1,569 Likes